This listing was posted on ListedBuy.
$400,000
1606 Union St W
Price:
$400,000
BR/BA:
8 BR, 4 BA
Location:
1606 Union St W, Jacksonville, FL
Description:
Owner Financing Available! This is a perfect investment. Durable concrete block with flat roofs! We just put on a new roof on one of the buildings! 2 bedrooms and 1 bathroom per unit. Tenants in this area are easy to find. Fully Occupied Side by side Duplex buildings must sell together: $400 for both. Don't miss out on this opportunity to generate long-term income! These buildings are concrete block and utilities are separately metered per unit. Units currently bringing in $2210 : 1 = $500, Unit 2 = $500, Unit 3 = $510, Unit 4 = $700. These are on month to month leases so now is the time to raise them. Market sales should be at $800/1000ea = $3200-4000/mo. All units are separately metered. Very low expenses, the occasional used appliance is all you need to replace. There is no carpet, no dishwashers, no clothes washers, nor central air to worry about breaking down. Walls are cinderblock so no potential damage to sheetrock. All units are ac/window units which are very cheap to replace if it is ever necessary. All units are or can be Section 8 approved. (Let the government make your tenants' sale payments! ) Willing to do owner financing terms as well. Interest only payment at 15% down with an 7% rate on a 10 or 20 year balloon. No early payoff penalty. We are selling because we are out of state. Awesome passive income! This property is located in an Opportunity Zone so it qualifies for deferment and then ultimate elimination of capital gains tax with funds used for purchase and any upgrade investments. (google Opportunity Zone for more info). Still available at ListedBuy!
Property Type:
Multi-Family Residences for Sale
Sq feet:
2,112 sq. ft.
Year:
1958
Amenities:
AC
For sale by:
By Owner
Posted:
July 5 2023 on ListedBuy
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More About this Listing: 1606 Union St W
1606 Union St W is a Eight Bedroom 4.5 Bath Multi-Family Real Estate for Sale at 1606 Union St W in Jacksonville FL. Find other listings like 1606 Union St W and listings near 1606 Union St W by searching Oodle Classifieds for Eight Bedroom 4.5 Bath Multi-Family Real Estate for Sale in Jacksonville FL.
1606 Union St W is a Eight Bedroom 4.5 Bath Multi-Family Real Estate for Sale at 1606 Union St W in Jacksonville FL. Find other listings like 1606 Union St W and listings near 1606 Union St W by searching Oodle Classifieds for Eight Bedroom 4.5 Bath Multi-Family Real Estate for Sale in Jacksonville FL.